Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds – 10.25.17 

 

  • The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death.
  • Compare these lockboxes and limitations with the top 1%, which owns the bulk of business equity assets. Business equity means ownership of businesses; ownership of shares in  corporations   (stocks) is classified as ownership of financial securities.One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals.
  • The limitation on middle class wealth isn’t just the total net worth of each family; it’s also how their wealth is allocated: the vast majority of most middle class family wealth is locked up in the family home or retirement funds.

Read more at:Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds

Source: charleshughsmith.blogspot.com

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